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Brendan, a seller, needed the sale to go through quickly. He offered Julio, the buyer who was using an FHA loan, a seller credit equal
Brendan, a seller, needed the sale to go through quickly. He offered Julio, the buyer who was using an FHA loan, a seller credit equal to 10% of the sales price to help with closing costs. The lender approved the credit and Julio accepted. Based on this, what action did the FHA take? Unset starred question Denied Julio's loan Matched Brendan's contribution Reduced Julio's loan amount Required Brendan to lower the sales price
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